Preparing for PYTH longMore bullish than ever on PYTH, so non financial advice...
Here I'm waiting with patience for FIB-level 0.618
I think the yellow zone could be a great area to build a position. We could get some help from 20 MA and the trendline to hold the trend.
The big gains come when we break the flag and after that move to price discovery. I don't want to miss that.
I will be picky with the entry here and try to find one with tight stop loss.
PYTHUSD
PYTH LOOKS BEARISHIt has had a lot of liquidity pools in the upper range that has swept everyone away.
After hitting the main supply and then the mitigated supply, it seems ready to drop.
I specified the targets on the chart. I also specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Pyth - long - could be early!Pyth looks strong now after the initial airdrop sell off.
I think Pyth are preparing for a big move.
If we got really lucky (and BTC dump) I think we can find a nice entry at around 0.31. In that case we have potential 68% set up with 4.0 risk/reward ratio.
If you think Pyth is the "new Link" - It could also be a good time to DCA into Pyth...we are so early :)
PYTH LOOKS BEARISHIn terms of wave counting, we had a triangle, which is probably the A branch of a larger pattern.
After this branch A, we expect to have a branch B of the same size as branch A. Because we expect this branch to be of the same grade as A, so in terms of time, it can be estimated that this branch will last until January 10th.
We have a support zone, if it is maintained, the price can run towards the pullback FLIP zone, and if it is lost, we will have a further correction.
By January 10th, this view will be violated if the daily candle closes above the red FLIP range
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PYTH ANALYSIS (4H)First of all, as you know, we don't have much data about this symbol. But after checking I found that it is now in the big B wave which is a diametric.
We are now in wave D, which is an ascending wave. It is expected to drop from the red area to the lower areas. This drop will complete wave e of B.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PYTH 4hrs TF CHoCHPYTH is ready to make a huge move as it,d grabbed liquidity below and immediately CHoCH to upside on 4hrs TF.... Wait for pullback to the unmitigated bullish OB below and take a long entry from there to previous higher high.....
Always manage your risk
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PYTH CHoCH to downsidePYTH did a really good run to upside but as we can see
PYTH did a liquidity grab to the upside this more by creating CHoCH but later did CHoCH to downside which makes it obvious downside is the movement…..
Wait for retest of the entry price and take a good short from there
Manage your risk
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